September i, 1909.] 



THE INDIA RUBBER WORLD 



429 



Some Rubber Interests in Europe. 



RUSSIAN-AMERICAN COMPANY PROFITS. 



Tim iK-l profits ot GcscUschaft Rus.sisch-Amcrikanisclicn 

 Giinimi-Mamifaktur untcr der Firma "Trciigoliiik" (Rus- 

 sian-Aincrican India-Rnbbcr Co.) for the liiisiness year 

 igo8 amounted to 5,845,891; rubles [=$3,010,638], again.st 4,016,- 

 448 rubles in 1907 and 4.369.987 rubles in 1906. The dividends 

 for the three years amounted to 26.2s P^'"" cent, in 1906, 25 per 

 cent, in 1907, and 30 per cent, in 1908. The amount disbursed for 

 dividends in 1908 was 2,400,000 rubles [=$1,236,000]. The 

 Gummi-Zcitung says : "The increase in the gross revenue, from 

 36.252.040 rubles in 1907 to 38,953,150 rubles in 1908, must ap- 

 parently be principally attributed to a much more liberal credit 

 system. The outstanding debts, which amoiuitcd at the end of 

 1907 to 4.587,432 rubles, represented at the end of 1908 a sum 

 of '3.635.879 rubles, being therefore about three times as large 

 as at the end of the preceding year, while the exchange account, 

 amounting to 315,490 rubles in 1907, was increased to 30 times 

 that amount within a single year, being 9,613,368 rubles at the 

 end of 1908. The extension of the company's operations in this 

 respect was only made posiblc by the fact that the capital stock 

 was increased, shortly before the end of the bcKjk year 1908, 

 from 8.000,000 to 18,000.00 rubles, face value. The supply of 

 funds derived by the company from this source, amounted to 

 17.000.000 rubles." 



PROFITS OF HUTCHINSON. 



Thh annual meeting of Etablisstiiu'iUs 1 1 ulcbiiison — ■ Cie. 

 N'ationale du Caoutchouc Souple was held on June 14. The 

 report showed prolits of 1,333,080 francs [=:$257.284.44], against 

 1.305,579 francs in the preceding year. With the carryover 

 (27.847 francs) the amount disposable was 1,360,927 francs 

 [^262,658.91]. The capital of the company consists of 1,463 

 shares of 10 per cent, preference stock and 18,537 ordinary 

 shares — all of 300 francs [=$57,90] each, and aggregating 

 6,000,000 francs. The dividends were 30 francs per share of 

 the preference and 50 francs per share of the ordinary stock, 

 the rate on the latter amounting to 165^ per cent. The divi- 

 dends aggregated 927,740 francs [^179,053.82]. After the cus- 

 tomary writing off for depreciation, legal reserves and compen- 

 sation of the administration, the amount carried over was 

 9.452.89 francs. The 300 francs shares were quoted recently at 

 867 for the ordinary and 530 for the preference. The report 

 covers the operation of the company's factories at Langlee 

 (France) and Manheim (Germany), both of which are devoted 

 to the production of rubber footwear and tires. The rate of 

 dividend has remained the same for six years, during whicli 

 time 3,950,508 francs [^4/62.448.041 have been distributed to 

 shareholders. Meanwhile the cajiital has increased fmni 4.000,200 

 to 6.000,000 francs. 



JAMES ROBINSON— OBITUARY. 



The death of James Robin.son is reported by Tlic liidia-Rubbcr 

 Journal as having occurred on July 3. He was born in July. 1850, 

 and at various times was connected with several important rubber 

 goods manufacturing companies. For a number of years he con- 

 ducted the affairs of ]5roa<lhurst & Co., Limited, manufacturers 

 of waterproof goods and mechanicals at Bradford, Manchester, 

 until the company was reconstructed an<l came under the control 

 of different directors. He was afterward connected with fi. W. 

 Ljuighton & Co., Limited, Manchester. The funeral on July 6 

 was attended by many friends, including numerous members of 

 the rubber trade. Mr. Robinson at one time, as representative 

 of Rroadhurst &• Co. in the India-Rubber Manufacturers' Asso- 

 ciation, was a member of the general committee of that body, and 

 for a year was vice chairman. He was for quite a wliile a 



member of ihe Manchester city coiuici 

 uu-niber of the Masonic fraternitv. 



He was also a prominent 



NEW BRITISH COMPANIES REGISTERED. 



The Consolidated Rubber Co., Limited, registered July 5, 1909, 

 with ii64,00D r^::r$7g8,io6] capital. The object is to take on the 

 manufacture of Heinemann's "synthetic rubber," as reported in 

 the last INDI.^ Ruiiber Woriu. 



Gavan Inrig, Limited, registered July 6. 1909, witli £2,000 

 l = $9,7.\^] capital, to acquire the business of (;. Inrig, of London, 

 and work the patents granted to him for continental Europe, the 

 United Stales, and Canada, and carry on the business of manu- 

 facturing rubber substitutes and insulating materials. 



Progressive Rubber Co., Limited, registered July 7, 1909, with 

 £10,000 [^48,665] capital. To acquire licenses to manufacture 

 under certain patents from the Rubber Patents, Limited, and to 

 arrange with .A. G. Spalding & Brothers for the manufacture 

 of sporting goods, rubber heels, tires, and the like. [For a report 

 on the business of Messrs. Spalding & Brothers (an American 

 company) in England see The Ixni.v RriiiiER \\'oRi.n, January i, 

 igo8 — page 127.] 



Segment Motor Rim Co., registered July 30, 1909, with £25,000 

 [=: $121,662.50] capital. To acquire the benefit of certain existing 

 inventions referred In in an .igreemcnt with J. W. Hall and 

 C. Raynes. 



Star Band Syndicate, Limited, registered Jtily 6. 1909. with 

 £550 [=$2,676.57] capital. To acquire certain patents relating to 

 non slipping tire treads from C. H. Stotesbury and T. P. Reid, 

 and turn them to account. 



Roussillon Tyres and International Rubber Co., Limited, regis- 

 tered July 6, 1909, with £200,000 [^= $973,300] capital. To arrange 

 with P. Roussillon for the purchase of a French tire patent and 

 with G. Filleul-Brohy for French patents on a tire machine and 

 to manufacture tires. Registered offices: Finsbury house, Blom- 

 tield street, E. C, London. 



LABOR SITUATION IN SWEDEN. 



The wage scale agreement between the Ilelsingborgs Gununi- 

 fabrik and its workmen expired on July i. The works were, 

 however, closed previous to that date, on June 24, for necessary 

 repairs. The negotiations resulted in the reopening of the works 

 on July 14, but at the noon hour of the same day the men quit 

 work, stating that their delegates and the negotiating committee 

 had closed the new agreement on terms of which they were un- 

 able to approve. Peace was nevertheless made very quickly, inas- 

 much as the workmen decided on July 20 to return to work on 

 the terms of the old agreement. 



ITALY. 



"The enormous advance in the prices of crude rubber has com- 

 pelled the Italian rubber goods manufacturers to raise their 

 selling prices considerably, the advance amounting in some cases 

 to as much as 30 per cent., " says the Giiiiiiiii-Zrituiif;. Moreover, 

 firm offers are being made only for prompt acceptance — i. c, for 

 acceptance by return mail. Selling prices fluctuate from day to 

 day, but always in an upward direction in accordance with the 

 crude rubber quotations. 



AUSTRIA. 



The Austrian rubber goods manufacturers have yielded to the 

 peremptory demands of the market, by announcing for the pres- 

 ent an advance of 10 per cent, in their selling prices. This ad- 

 vance has been in force since July i, in the form of an addition 

 to the total amounts of all invoices. The circular jointly sent 

 out by all the manufacturers provides for a future definite set- 

 tlement of prices. 



